Transportation Interstate Commerce Foreign Trade
Transportation Interstate Commerce Foreign Trade
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In our eReader you can find the full English version of the book. Read Transportation Interstate Commerce Foreign Trade Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Transportation Interstate Commerce Foreign Trade
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"— The Hon. William H. Taft, President of the United States.
CHAPTER XVI.
FIXING VALUE OP RAILROADS.
It is not in the original cost of a railway, nor in the condition in which maintained, but in the extent to which it serves to effectuate interchanges that a railway has value. The value of a railway lies, then, not in its phy- sical property, but in the use of that property. Value begins with use and increases as use increases.
"But the value of property results from the use to which it is put ...and varies with the profitableness of that use, present and prospective, actual and anticipated. There is no pecuniary value outside of that which re- sults from such use. " (C, C, C. & St. L. Ry. V. Backus, 154 U. S. , 445) The things that secure a broad, extensive and profit- able use are, therefore, the things which give value to a railway. Among these are : 1. Location of the railway with reference to natural resources producing traffic.
If two men were each to start to construct a railway in a country devoid of transportation facilities, one or the other would, in the exercise of a superior judgment, so locate his railway as to obtain a more profitable traffic.
What to read after Transportation Interstate Commerce Foreign Trade?
You can find similar books in the "Read Also" column, or choose other free books by William James Jackman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
"— The Hon. William H. Taft, President of the United States.
CHAPTER XVI.
FIXING VALUE OP RAILROADS.
It is not in the original cost of a railway, nor in the condition in which maintained, but in the extent to which it serves to effectuate interchanges that a railway has value. The value of a railway lies, then, not in its phy- sical property, but in the use of that property. Value begins with use and increases as use increases.
"But the value of property results from the use to which it is put ...and varies with the profitableness of that use, present and prospective, actual and anticipated. There is no pecuniary value outside of that which re- sults from such use. " (C, C, C. & St. L. Ry. V. Backus, 154 U. S. , 445) The things that secure a broad, extensive and profit- able use are, therefore, the things which give value to a railway. Among these are : 1. Location of the railway with reference to natural resources producing traffic.
If two men were each to start to construct a railway in a country devoid of transportation facilities, one or the other would, in the exercise of a superior judgment, so locate his railway as to obtain a more profitable traffic.
What to read after Transportation Interstate Commerce Foreign Trade?
You can find similar books in the "Read Also" column, or choose other free books by William James Jackman to read onlineMoreLess
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